GSA Capital Partners LLP Acquires New Holdings in Midland States Bancorp Inc (MSBI)

GSA Capital Partners LLP acquired a new stake in Midland States Bancorp Inc (NASDAQ:MSBI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,188 shares of the financial services provider’s stock, valued at approximately $416,000. GSA Capital Partners LLP owned about 0.06% of Midland States Bancorp at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MSBI. MetLife Investment Advisors LLC acquired a new position in shares of Midland States Bancorp in the fourth quarter valued at $244,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Midland States Bancorp in the first quarter valued at $252,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Midland States Bancorp in the first quarter valued at $531,000. Alliancebernstein L.P. increased its holdings in shares of Midland States Bancorp by 60.6% in the fourth quarter. Alliancebernstein L.P. now owns 17,340 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 6,540 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Midland States Bancorp by 55.8% in the first quarter. Monarch Partners Asset Management LLC now owns 32,779 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 11,740 shares during the period. Hedge funds and other institutional investors own 40.30% of the company’s stock.

Shares of Midland States Bancorp opened at $35.45 on Monday, Marketbeat Ratings reports. The stock has a market capitalization of $841.25 million, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. Midland States Bancorp Inc has a 52-week low of $28.70 and a 52-week high of $36.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Midland States Bancorp had a net margin of 4.12% and a return on equity of 7.97%. The company had revenue of $54.79 million during the quarter, compared to analysts’ expectations of $55.00 million. analysts anticipate that Midland States Bancorp Inc will post 2.38 earnings per share for the current year.

A number of brokerages have recently issued reports on MSBI. Zacks Investment Research raised shares of Midland States Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday. BidaskClub raised shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th.

In related news, Director R. Robert Funderburg, Jr. sold 85,592 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $32.61, for a total transaction of $2,791,155.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Leon J. Holschbach sold 8,500 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $31.86, for a total transaction of $270,810.00. The disclosure for this sale can be found here. Insiders have sold 251,762 shares of company stock valued at $8,107,181 in the last ninety days. 14.90% of the stock is currently owned by company insiders.

Midland States Bancorp Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

Want to see what other hedge funds are holding MSBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Midland States Bancorp Inc (NASDAQ:MSBI).

Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

Receive News & Ratings for Midland States Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midland States Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply